Business

Stanbic4Her initiative and UDB’s ‘Women Prosper’ program have collectively disbursed an impressive total of Shs 173 billion to support female entrepreneurs Kampala, Uganda | THE INEPENDENT | As Uganda joins the global community in celebrating International Women’s Month, prominent financial institutions Stanbic Bank Uganda and Uganda Development Bank (UDB) are at …

African nations escalated horticultural exports last year as they sought to tackle global supply shortages and diversify their exports. SPECIAL REPORT | BIRD AGENCY | An upsurge in demand for horticultural products across global markets, particularly in Europe, spurred a significant increase in agricultural export revenues for several African countries …

The oil company is  now shifting focus to the upcoming infrastructure developments that are critical for the eventual extraction and processing of oil Kampala, Uganda | THE INDEPENDENT | CNOOC Uganda Limited, a key player in Uganda’s burgeoning oil sector and the operator of the Kingfisher oil field in the Albertine …

Kampala, Uganda | THE INDEPENDENT | The state minister for Finance in charge of privatization Evelyn Anite has urged women in business to formalize their enterprises and be able to attract government and related support. Anite was speaking at the inaugural annual women entrepreneurs’ conference on March 14 organized by …

Kampala, Uganda | THE INDEPENDENT | The Uhuru Institute for Social Transformation is leading a move to revolutionise the management of co-operatives in the country and help them match the current business demands. When the Cooperative movement collapsed in the 1980s and was inactive for almost two decades following, there were …

* The bill, which still needs passage in the Senate to become law, would prohibit TikTok from U.S. app stores unless the social media platform is spun off from its parent company ByteDance. * TikTok CEO Shou Zi Chew warned that if the bill is signed into law, it will …

The east african country is estimated to have only 65% mobile network coverage Kampala, Uganda | THE INDEPENDENT | TowerCo of Africa Uganda, a subsidiary of pan-African telecommunications service provider Axian Telecom, has secured US$40 million long-term financing from European development finance partners, including the European Investment Bank, the Development Bank …

Kampala, Uganda | THE INDEPENDENT |  The Ministry of Trade, Industry, and Cooperatives has introduced a digital registration process for credit and savings cooperative societies in the country, a move that has been welcomed by stakeholders. The Cooperatives Registry Management Information System was launched on Thursday, in Mbarara City. Mary …

The European Parliament on Wednesday approved the Artificial Intelligence (AI) Act with an overwhelming majority in Strasbourg, France. BRUSSELS, Belgium | Xinhua | The European Parliament on Wednesday approved the Artificial Intelligence (AI) Act with an overwhelming majority in Strasbourg, France. The Parliament passed the act with 523 lawmakers voting …

NAIROBI, KENYA | Xinhua | The Kenyan shilling strengthened against major world currencies, hitting a nine-month high against the U.S. dollar Wednesday. The Central Bank of Kenya placed the shilling against the dollar at 138.8, its highest level since the currency started to decline in June last year. The shilling …